Nah, we will be fine. AI isn't sustainable, financially or otherwise. It will collapse and take a big chunk of the US economy with it.
> Finally, and in parallel to this, the Commission should build a new relationship with the US. It is a hard pill to swallow: whether we like it or not, in the medium term, Europe will depend on American compute and chip infrastructure to grow its own providers at the application layer.
A very long sounding "medium term".
America has already switched it off. Cutting edge Fable being US only was as clear of a warning shot as it gets. Especially considering China will not keep theirs open forever
Europe has no chips, no energy, no venture capital, and no training data.
It is in fact too late.
Decisions here are made slowly, with complete information, and agreement from all parties. Once they’re made they’re then slow to change for all the same reasons.
Until this changes I don’t think Europe has any hope of competing with the US or China on anything they decide is important.
Nah, we rather regulate ourselves out of existence. Any investment you do, the money will go to paying random taxes and fees to services that make sure you are filling the arbitrary criteria of bullshit. Maybe after that you have some pocket change to spend on your idea instead.
And if you do happen to make a successful company, then the governments want a cut of that too, because making money is a no-no thing.
As a European I have long given up on any meaningful change w.r.t AI. Imho the average European is much more risk averse than the average American or Chinese. That and a plethora of other factors that have been discussed over and over again, make it unlikely that we'll see things change within the next ten years or so. Only massive and immediate threats (e.g. he crisis in Ukraine) will make people and governments reconsider their fundamental beliefs (and even then the pace of change will be slow).